Chagee Holdings Ltd. (CHA) SEC Filings & Earnings Calls
EquiReason read 5 Chagee Holdings Ltd. SEC filings in the last 12 months. Latest: 6-K on 2026-08-28 — Chagee Q2 2026: revenue +2.5% YoY to RMB3.4B, operating income +387.6%, GAAP net income RMB464.8M vs RMB77.2M; teahouse count +8.5% YoY..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 2.4B
- P/E TTM
- —
- Dividend yield
- 7.5%
- 52-week
- —
- Next earnings
- 26 Nov, in 33 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
28 Aug 20266-KChagee Q2 2026: revenue +2.5% YoY to RMB3.4B, operating income +387.6%, GAAP net income RMB464.8M vs RMB77.2M; teahouse count +8.5% YoY.earningsopen
Figures in the filing · each found in the filing text
| Teahouse count · Q2-2026 | 7,639 | +9% y/y |
| Active members · Q2-2026 | 47,100,000 |
Risks flagged
Domestic GMV decline due to economic headwinds and intense competition in China.
“decrease in total GMV in Greater China resulting from the economic headwinds as well as intense industry competition” · word for word
Decline in active members from 50.0M to 47.1M QoQ.
“Chagee had 47.1 million active members in the second quarter of 2026, compared to 50.0 million in the first quarter of 2026” · word for word
29 May 20266-KChagee reports Q1 2026 revenue up 4.5% YoY to RMB3,546M, but net income down 34% to RMB447.7M; teahouse count up 12.7% to 7,531.earningsopen
Figures in the filing · each found in the filing text
| Active members · Q1-2026 | 50,000,000 | |
| Number of teahouses · 2026-03-31 | 7,531 | +13% y/y |
Risks flagged
Intense industry competition and economic headwinds in Greater China pressuring GMV.
“Decrease in total GMV in Greater China resulting from economic headwinds as well as intense industry competition.” · word for word
Rising operating expenses, particularly G&A and company-owned store costs, compressing margins.
“G&A expenses increased 30.9% YoY; company-owned teahouse operating costs increased 216.6% YoY.”
29 Apr 202620-FChagee Holdings reported FY2025 results with net income declining 52.8% YoY, same-store GMV growth turning sharply negative (-24.2%), and operating margin compressing from 23.3% to 10.4%.earningsopen
Figures in the filing · each found in the filing text
| Same Store GMV Growth · FY2025 | -24.2% | |
| Number of Teahouses · FY2025 | 7,453 | +16% y/y |
| Company-owned Teahouses · Company-owned · FY2025 | 615 | +264% y/y |
| Franchised Teahouses · Franchised · FY2025 | 6,838 | +9% y/y |
| Average Monthly GMV per Teahouse in China · FY2025 | $387000.00 | -24% y/y |
| Income from Operations Margin · FY2025 | 10.4% | |
| Sales and Marketing Expenses as % of Revenue · FY2025 | 10.6% | |
| Cost of Materials as % of Revenue · FY2025 | 46.4% |
Risks flagged
Same-Store Sales Decline
“Same store GMV growth in China and overseas (%) (3) 2.7 (24.2)” · word for word
Operating Margin Compression
“Income from operations as % of net revenues: 23.1% in 2023, 23.3% in 2024, 10.4% in 2025.”
Franchise Expansion Slowdown
“As the expanding pace slowed down in 2025, newly opened franchised teahouses in 2025 decreased compared with those in 2024, which resulted in a drop of net revenues from sales of teahouse equipment and other supplies to RMB357.4 million (US$51.1 million) in 2025 from RMB898.0 million in 2024.” · word for word
Company-Owned Store Ramp-Up Costs
“Company-owned teahouse operating costs increased by 111.7% to RMB989.4 million (US$141.5 million) in 2025 from RMB467.3 million in 2024, primarily driven by the expansion of our company-owned teahouse network. This growth in cost outpaced the 92.7% increase in net revenues from company-owned teahouses during the same period.” · word for word
31 Mar 20266-KChagee Q4 2025 net revenues down 10.8% YoY, operating loss of RMB35.5M vs income of RMB642.5M, GAAP net income down 94.7% YoY. Full year revenue up 4% but operating margin halved to 10.4%.earningsopen
Figures in the filing · each found in the filing text
| Net revenues (full year) · total · FY2025 | $12.91B | +4% y/y |
| Number of teahouses · total · 2025-12-31 | 7,453 | +16% y/y |
Risks flagged
Intense subsidy competition among online delivery platforms in China is pressuring franchise revenue.
“evolving dynamics of subsidy competition among online delivery platforms in China” · word for word
Organizational restructuring and business model transition causing near-term operating losses.
“operating loss of RMB35.5 million... primarily attributable to the impact from organizational structure optimization and business model transition”
28 Nov 20256-KChagee reports Q3 2025 revenue decline of 9.4% YoY to RMB3.2B, operating margin drop from 22.4% to 14.2%, and net income down 38.5% YoY, driven by subsidy competition and slowing expansion.earningsopen
Figures in the filing · each found in the filing text
| Number of teahouses · 2025-09-30 | 7,338 | +26% y/y |
| Registered members · 2025-09-30 | 222,000,000 | +37% y/y |
Risks flagged
Intensified subsidy competition among food delivery platforms in China is pressuring sales volume and GMV.
“Decline in sales volume primarily due to intensified subsidy competition among food delivery platforms in China seeking to stimulate consumer traffic.”
Rapid expansion of company-owned stores is driving operating cost inflation and margin compression.
“Company-owned teahouse operating costs increased 94.7% due to addition of 215 stores.”
Chagee Holdings Ltd. — questions
- What did Chagee Holdings Ltd. file recently?
- 5 SEC filings in the last 12 months. Latest: 6-K on 2026-08-28 — Chagee Q2 2026: revenue +2.5% YoY to RMB3.4B, operating income +387.6%, GAAP net income RMB464.8M vs RMB77.2M; teahouse count +8.5% YoY.
Every figure on this page comes from Chagee Holdings Ltd.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.